Australia says nil chana export to India after it levied import duty
Ram Gopal Yadav (8 years ago)

India did not import any chana in February from Australia as compared to 675 tn in January and 20,999 tn in December after the former levied a customs duty. India is traditionally, Australia’s biggest chana importer. India had imposed a 60% customs duty on chana in March to curb cheaper imports and support prices. Overall, exports of chana from Australia in February were at 50,832 tn as compared to 58,190 tn in January. However, exports from Australia to other destinations particularly Bangladesh have increased in the above months.

Chana down on subdued buys from dal millers
Ram Gopal Yadav (8 years ago)

Chana prices were down in most markets because of subdued demand from the stockists and dal millers. The arrivals of chana in Delhi was at 300 tn and in Bikaner it was at 100 tn, both unchanged. Traders are waiting for the government procurement in Madhya Pradesh which may support prices slightly but sharp gains are unlikely because of bumper output of the pulse this season. The most active May chana futures on the NCDEX was down 1%.

Coriander down in Kota, Rajkot on supply pressure
Ram Gopal Yadav (8 years ago)

Prices of coriander fell in key markets of Gujarat and Rajasthan due to a rise in arrivals. The fall in prices, however, is likely to be limited as arrivals are still lower than normal this year due to a decline in acreage of the crop. The most active May contract of coriander on NCDEX traded 0.9% lower.

Malaysia CPO falls on profit booking, CBOT soy cue
Ram Gopal Yadav (8 years ago)

The June contract of crude palm oil was down on the Bursa Malaysia Derivatives as investors booked profits after prices hit a one-month high of 2,483 ringgits (41,633.81 rupees) per tn in early trade. The most-active June contract of crude palm oil on the Malaysian bourse traded at 2,467 ringgits per tn, down 0.2% from the previous close. The weakness in soyoil contracts on CBOT also added to losses in palm oil. The prices of crude palm oil and soyoil typically move in tandem as the commodities are used as substitutes for each other.

Coriander down in Kota on sharp rise in arrivals
Ram Gopal Yadav (8 years ago)

Prices of coriander fell in Kota, Rajasthan due to a sharp rise in arrivals today amid low demand from stockists. Higher carryover stocks of around 5-6 mln bags (1 bag = 40 kg) has dampen stockists. Stockists generally procures around 50% crop during harvesting season. The most active May contract of coriander on NCDEX traded down 1% from the previous close.